(CONTINUATION) - Is Alpari.org a Credible Broker?

Broker review
K
keser
24 Mar 2017, 11:54 1,043 Views
Dear kang boss Martin From the information we have obtained, the most credible is Alpari UK, and reportedly is currently looking for a financer to be able to operate again (source from the previous question section) Is there any news, continuation of the search for credible investors for Alpari UK? Oh yes, so Alpari-forex.org (Indonesian representative) is identical to Alpari.com, located in Kingstown? Additional: I tried a demo account at ibfpro which they say has no commission but why when I open and close positions it is subject to fees and the amount is quite large? even though I haven't set free swap. Thank you

1 Answer

M
martin 29 Mar 2017, 04:33

@ Keser:

As far as I know, Alpari UK was acquired by broker ETX Capital, also from the UK since March 2015. You can read the news here. Regarding whether Alpari UK will be re-established, we have not yet received information. We will report it on Forex Broker News once we have confirmed information.

ETX Capital is a broker that is also regulated by the FCA in the UK, so it is credible. However, as far as we know, few traders from Indonesia trade with that broker.

-… does that mean Alpari-forex.org (Indonesian representative) is identical to Alpari.com, which is based in Kingstown?
Answer: Regarding this, you can ask the broker directly. You can contact Alpari Indonesia via email at: support@alpari.com.

-… I tried a demo account at ibfpro which is said to be no commission but why am I charged a fee when I open and close positions and the amount is quite large? Even though I haven't set free swap yet.

Answer: Interbankpro used to be a representative of FXCM US (now acquired by Gain Capital/Forex.com), and the regulations of most US brokers do charge a commission per trade. It is best to ask Interbankpro.com directly via email or phone.

If swap free means you are not charged swap or interest if your position is held overnight. Swap and commission are different. Many brokers do not charge commission but charge swap, except for brokers that are indeed swap free (free swap) such as Agea, or you apply to be swap free.

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